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Dec 2, 2013 2:30pm PST
to be paid for. they are, usually in the form of taxes. why must the government provide these services? why can't we rely instead on the free market? it's a controversial question, as we see in the case of private utilities versus the tva. the great mississippi flood as we of 1927the case left 800,000 homeless. swelling waters overran levees throughout the tennessee river and into the mississippi, turning northern louisiana into an inland sea. secretary of commerce herbert hoover called the flood the greatest peacetime calamity in the history of the country. the disaster was predictable. the mississippi had flooded before. local authorities attempted to pvide flood control, but with uneven efforts. the levee system is oy as strong as its weakest link. the building of dams could have prevented the flood. some legislators wanted to use federal funds. but they faced tough opposition on capitol hill. dams not only control floods, but they can be used to generate hydroelectric power. that presented a threat of competition to the private utilities. to justify the expenditure required to build the
FOX Business
Dec 9, 2013 6:00pm EST
, user's guide to taxes. big change is coming. he will get you prepared tonight . and america's worst charities, is essential advice on giving wisely this christmas. we're watching out for you tonight on "the willis report." ♪ gerri: welcome to "the willis report." your show, your money, your voice. tonight your health care costs. new warnings of how the architect of obamacare processing you can keep your doctor if you paid up with more on this, it has some fire, health fellow at the heritage foundation. dr. kevin campbell, cardiologists will we're talking about, over the weekend, ezekiel emanuel said that, yes, you can keep your doctor, but you may have to pay more. listen to this. >> he asked a question, if you like your doctor, you can keep it. did he not say that, sir? >> did not say you could have unlimited. >> a simple yes or no question. >> yes. if you want to pay more for an insurance company that covers your doctor, you can do that. this is a matter of choice. you pay more for a wider range of choices or wider range of benefits. gerri: you are a doctor. did this come as a s
Dec 8, 2013 10:30am PST
with other administrative rules in place, and where the city basically is able to uses it taxing authority to allow for this financing to happen. >> then my last question chair farrell i know the focus is on panels for residential homes and buildings and can you talk about the importance -- and i know cal knows this from the department of the environment and the retrofits and it was mentioned water conservation too and energy efficiency and water conservation as ways to reduce our carbon footprint as well. >> absolutely. the great thing about pace is it's open to many different kinds of projects. it's not just a solar financing program or a energy efficiency program. it's all of the above and water conservation, electric charging stations, anything that can help us meet our community climate goals by reducing energy consumption and putting more renewable energy on the grid is an eligible project as long as it's affixed to the property and in that way we think we can see more comprehensive projects that reduce energy consumption through efficiency and potentially adding the renewables whi
FOX News
Dec 3, 2013 1:00pm PST
savings goodbye. a gas tax hike that could wipe them out. ick with innovation. stick with power. stick with technology. get the new flexcare platinum from philips sonicare and save now. philips sonicare. >>> talk about a kick in the gas. a push to double the federal tax on every gallon of gas. to democratic congressman says it's time and it will do some good. you're talking about hiking the tax to more than 33 cents a gallon. that doesn't sound all too good but explain why you think it's a good idea. >> well, first of all, we haven't raised the gas tax in 20 years. during that time the amount that the average motorist pays per mile they drive because of increased full efficiency and inflation, has been cut in half. we are facing for all the talk of a budget deficit, we're facing an infrastructure deficit. and because we have just sort of run the gas tax trust fund down to where it's approaching zero, if we don't do something in the next ten months, we're going to face an inability to fund any transit funding next year, and the federal highway funding will drop 92%. >> what's happened t
Dec 2, 2013 6:00pm PST
a tree new life after you chop it down. >> and if you think you escaped paying tax by buying something online, how that cyber monday purchase could come back to hawn you. -- could come back to haunt you. ,,,,,,,,,,,,,, friendly growing method. reporter ian schwartz explas "tree stumping." >>> christmas trees with a conscience. one northern california farm is using a ecofriendly growing method. ewan swartz explains tree stumping. >> reporter: it's the sounds and the smells that bring the family here year after year. this year, little brody was tasked with tackling the tree that easily towers over him. >> timber! >> reporter: how did that go? >> well, tiring. [ laughter ] >> reporter: acres and acres of trees, that's just one of the reasons this family comes here. but also the ecofriendly growing method used at the mcgee christmas tree farm. >> definitely a benefit to us. we try to do things like that around our house. and we can help the environment, that's great. just a bonus. >> you can see this big one was cut. >> reporter: phyllis and mike mcgee grow trees by stump culturing. they a
FOX Business
Dec 9, 2013 4:00pm EST
's wealth tax proposal cause wall streeters to move to main street? steve forbes talks about the potential implications of the new mayor's plan in just a moment. cheryl: they might be corporate rivals, apple, google, facebook are a few of the names teaming up to challenge the government surveillance programs. we'll take a look what they think the solution is. ♪ as a business owner, i'm constantly putting out fires. so i deserve a small business credit card with amazing rewards. with thepark cascard from capital one, i get 2% cash back on ery purchas every day. i break my back around here. finally soone's recognizing me with unlimited rewards! meetings start at 11, cindy. [ male announcer get the spark business card from capital one. choose 2% cash back or double miles on every purchase, every d. what's in your wallet? i need your timesheets, larry! does your mouth often feel dry? a dry mouth can be a side effect of many medications but it can also lead to tooth decay and bad breath. that's why there's biotene. available as an oral rinse, toothpaste, spray or gel, biotene can provide soot
FOX Business
Dec 4, 2013 11:00am EST
that. by your gifts online, paying tax, others don't, supreme court doesn't want to get in the middle of it. judge andrew napolitano has no problem getting in the middle of that. and then, consolidating your wallet into just one card. the high-tech idea could be the way we shop in the future. it is all coming up along with dagen mcdowell on "markets now." dagen: giddyup. changing out of the shirt you had done earlier and now you look more businesslike. connell: i will take that as a complement on both sides. i have no other choice but to check the market and talk to the judge. dagen: we have to hit your slender. we have gains on the market right now despite the better-than-expected numbers from adp, nicole petallides at the new york stock exchange. nicole: you mentioned adp, which was better. we also got new hom home sales numbers better than expected, we are seeing the market with three straight days of selling and they might have scooped up some opportunity. right now dow jones industrial of 41 points, a gain of one quarter of 1%. microsoft hitting new highs, goldman sachs and unite
Al Jazeera America
Dec 5, 2013 11:30am EST
research. kil, cities across the country saw declining sales takes revenues, declining tax ref news as people's homes reduced in valley. value. >> a lot of cities are experiencing fiscal stress but i want to reiterate bankruptcies are rare. those who issue debt in the credit market only 10 a year going "g" into bankruptcy. while fiscal stress is a chief concern, bankruptcy is still a very rare phenomenon. >> is it stuffer at a time when the economy is not robust when the state's in which these cities and counties are located are also feeling a lot of strain, is it tough for put these restructuring deals together? >> the state plays a significant role in the fiscal health of the city. they offer state aid to local governments. that makes up a third of the city revenues. when cities cut back due to their own fiscal pressures local governments experience a lot of fiscal squeeze as well. >> are there fewer good choices when you're finally pushed to make a bankruptcy declaration. >> bankruptcy is a measure of last resort. joining anybody enjoys having to papaying pensioners, or putting c
Dec 3, 2013 5:00am PST
tax on the rise during the holiday shopping season. when do you need to pay taxes for things you buy online? we'll tell you coming up. >> also ahead, a play of the day that will have you on the edge of your seat. >> cloudy with showers now but get ready, we are headed for the deep freeze! we'll tell you when coming up. >> and even though traffic conditions are pretty light right now over at the bay bridge toll plaza, there is a stalled bobtail truck blocking a lane on the deck. we'll show you where. but first, we want to know what drives you crazy during your commute. you can ask a question or share a gripe by e-mailing we're pointing to lawrence. what drives you crazy besides lawrence? tweet me at #ewengerkpix. we'll be right back. ,, i love having a free checked bag with my united mileageplus explorer card. i've saved $75 in checked bag fees. [ delavane ] priority boarding is really important to us. you can just get on the plane and relax. [ julian ] having a card that doesn't charge you foreign transaction fees saves me a ton of money. [ delavane ] we can go to any
Dec 3, 2013 6:30am PST
,000. this is -- we check credit. we need a business plan. then we look at the three-year tax return and that statement. we do a lot of home care and mom-and-pop shops. we also do start ups. we asked for approval through documents. we work a lot with people who do not know how to file taxes properly. we are mainly focused in san francisco. we are small. we focus mainly on the tenderloin, chinatown, bayview, visitation. we do a lot of expansion. people start small through the credit union and then want to go to the bank. we know we are limited. we cannot afford to give out a big loan. starting from the credit union, we educate them about filing taxes properly and then moving on to the bank, a small one, expansion, and we work with the bank. the bank and credit union are similar. we do allow tax returns, projections. credit unions do not charge an additional loan or processing fee. processing time, on a small loan, -- consumer loans probably a few days. because we require a business plan, sometimes it takes longer. business plans take a while. especially bank statements. we need to see
FOX Business
Dec 3, 2013 8:00pm EST
of everything. so everything works like never before. neil: first the tax hikes and now the spending streets. raises and hiking spending across the board. the state is now running a surplus according to reports. fox news radio host with us now. >> yes, i spent 30 years in sacramento. i am telling you, that is fiction, the fact that they have this surplus. not only in the state of california, but illinois, his huge pension obligations and they pretend that those don't exist. and they are off the books. because of your add-in that is, we are talking that we cannot afford could have a $45 billion surplus this year. by the time summer comes around and that will grow until 2020 every single year. and they raise taxes by about $6 billion and it ties in perfectly and the problem is they have an obligation for their pensions, the two big state pensions and health obligations of 300 billion for the pensions and another hundred billion for the health care for the retirees. $400 billion and not even addressing this problem. neil: let me ask about how they are able to sneak in raises for themselves as p
Dec 1, 2013 9:30pm EST
, more spending, and more taxing. that is what would drive up interest rates, that is what would hit the cost of living and that is what every family in this country should dread. >> order. >> you're been watching prime minister's questions. question time cares on c-span2 every wednesday. again on sunday night at 9:00 p.m. eastern on c-span. you can watch anytime at c- on the next washington journal, what to expect from afternoon fixes. scott wilson joins us. health careon state exchanges and online enrollment compared to the federal exchange. in recognition of the 150th anniversary, a discussion about the law and dealing with whistleblowers and its effectiveness. plus, your calls, e-mails and tweets on "washington journal" on c-span. social media is an old idea. we think it is recent and only people alive today have done it. there's a very long and rich tradition of social media that goes back to the late roman republic. that is first century bc in the point is you do not need a digital network to do social media. you could actually do it in your own face. c
Dec 2, 2013 7:00am EST
tax reform. there's a whole bunch we could work on that would be great. maybe we ought to look at some of those things like health care system costs and what the government is going to be paying in the next few years that is not discriminatory spending. it is getting smaller and smaller because of mandatory programs. they need to take a look at those programs and see what they can do to maybe get that in check. we don't have out-of-control spending and we get caught up in laws that require mandatory spending and we have no flexibility and the debt keeps going up. stacy from arlington, virginia with some of his ideas and some of the short and long- term issues that he thinks congress needs to tackle. nbc the subject of an story talking about congresses to do list for the end of 2013. calling that to do list a might do list. some of the issues on that might in the last month of the year. it notes expiring tax provisions , that more than 60 tax provisions are set to expire at year's end. also on thatalso on that my to-s the medicare reimbursement for doc there's. --for doctors.
Dec 4, 2013 3:00pm PST
's pension benefits an cut those benefits, adopted a multimillion dollar tax cut for multinational corporation within that state. so the state is not impoverished. the state is choosing priorities that are different than the citizens have chosen by adopting a constitutional protection of pension benefits. >> woodruff: andrew biggs what about that, and what about the bigger picture here, that the blame, that if there is going to be pain, the pain should be spread, that it shouldn't be mainly or even in large part these people who have worked so hard for these cities. >> uh-huh. i suspect in the case of detroit, it's not going to be mainly or in large part on the pensioners, it going to be mostly on the bondholders who are going to get hit much more. i mean steve is right when he cites the average benefits people receive from pensions. that includes a lot of people who spent a few years in public employment and are getting very small benefits. if you are somebody who spent a full career working for the city of detroit, you would retire with a benefit equal of around two-thirds your f
Dec 9, 2013 7:00am EST
the discussion over the past five years. hikes.looking at tax they are also not looking at significant cuts to medicare, security,or social which are areas republicans say needs to be done. instead we are looking at pretty small things and haggling over whether to have federal employees attribute more to their retirement -- employees contribute more to their retirement plans. thingse also looking at -- a spectrum that is going to be sold to telephone companies. they are looking at a small budget deal that would replace some of the sequester, the automatic spending cuts that were launched in 2011 as part of a but -- part of a different budget process. like can't there right now? why can't there be a grand bargain right now? caller: because republicans and democrats can't agree. all ryan, the chairman of the budget committee, and patty murray decided they were not going to go after the towels of the other party and just try to get something that was possible -- after all these failed budget agreements in the past, look we are not even going to go there this time. we are going to go for someth
Dec 2, 2013 4:10am EST
, -- limitations of acceptability, the feasibility, and cost. what can we do? we could tax and restrict access and intervene. i am not suggesting we intervene. we tried that with alcohol. it was a disaster. you cannot have storm troopers invading people's homes for baking an apple pie. that is not going to happen. i do not even suggest it. because my wife would be the first one they would have to take away. what we need to do, like we have with every other substantive abuse is come to peaceful coexistence. we have to find the right amount of legislation, regulation to be able to manage the problem rationally, like we tried to do with tobacco. we can argue about the wisdom of that, especially worldwide, and alcohol. no interdiction but plenty of taxation and restriction of access as needed. so what factors contribute to increased soft drink consumption? price. since the 1980's, the price has and the introduction of high fructose corn syrup, the price has only increased 50% versus food. food has gone up higher than sodas have. sodas increased only 20% against fruits and vegetables. we are suppos
Dec 2, 2013 11:00am PST
the taxes within five years. if the best they can do is stretch about you have two choices you can name someone that can stretch about or pay all the taxes and five years. when it comes to children you do not want to name a child the record because when they turn 18 in my blood. one of the worst days you can do is leave an 18 year-old a lot of money. you wanna set up a trestle you have control in the distribution. the problem is that when people passed away, sometimes their homes or investment accounts. if the trust does not have the right distribution or the language it is not going to work right or it will cost the ira to be taxed. >> that is not something that we want to do. >> now what do you want to leaf-test >> if you want to leave money for charity is ira funds. separate the account and have to go to charity because the charity does not have to pay taxes. if your honor to do with in a trust the trust he needs to realize that. trusties have to be smart and know how to deal with these plans. >> if you want to learn what to do about financial planning. you can contact checked burton
Dec 6, 2013 3:00am PST
can you call item four. >> item four say resolution approving a waiver of the payment in lieu of taxes through 1991-1992 to 2013-2014 from the housing authority from the city and county of san francisco. >> [inaudible] >> okay. go ahead. >> good afternoon supervisors. mr. chair, i am barbara smith, acting executive director of the san francisco housing authority and i am here to request a waiver of the pilot payments from the san francisco housing authority from 1991-1992 to 2013-2014 in the amount of $12 million which is approximately $550,000 a year for the past 22 years. pilot is payment in lieu of taxes and established in 1965 under an agreement between the housing authority and the city and county of san francisco. it was established in lieu of paying real and personal property taxes and special assessments. as 10% of rent payments charged to the housing authority's low income residents. it has previously been weighed by the board from these years listed and requested waivers but those requests weren't acted on. since that time the housing authority has not requested addition
Dec 2, 2013 5:00am PST
be massive, selective tax cuts. margaret thatcher it is there is no alternative. of course that's absurd. there was an alternative. we have to connect the dots to understand what is going on today. i read the chronicle. so what i've done is put together a montage of the murder of public sector, which is going on everyday. in fact all of the public sector is in body shape. public libraries, parks from the municipal to the national level. our character is among the worst in the world. the new deal deals with things in a different way. when i was going to school, california school's were the best. now they are among the worst with the new budget cuts. of course, my university is being privatized. all of the higher education is being privatized. all through the uc system. how do you run a modern state with tax cuts? we resort to desperate, back last november, we were asked to vote to make four indian casinos in san diego county pony up money. i thought this was a joke. they voted to do it. now, the governor proposes to borrow against future revenues. how did they deal with these social prob
Dec 3, 2013 9:00pm EST
to find violators. what if a president wanted tax cuts that congress would not enact? president george w. bush proposed a reduction in the capital gains rate. have instructed the irs not to tax capital gains at a great greater than 10%? the point is not what you think of president obama's policy decisions. the point is, the president may consistent with the command that he faithfully execute the waiveunilaterally amend, or suspend the law. must resist the delivery pattern of circumventing the legislative branch in favor of administrative decision-making. we cannot allow the separation of powers enshrined in our abandoned into be favor of an undue concentration of power in the executive branch. warned, theison accumulation of all powers, legislative, executive and hands mayin the same justly be pronounced the very definition of tyranny. i introduced mr. conyers for his opening statement. >> top of the morning to my colleagues. the president's constitutional duty to faithfully execute the would be an important issue worthy of hearing by this was anye if there evidence that the president ha
FOX Business
Dec 5, 2013 9:00pm EST
$100 billion. john: you said that? [laughter] to george clooney. >> he says raise taxes. >> to drive a toyota petraeus to the ms -- jemmies but they have a private airplane and i wish i had a private airplane. >> many advocate to raise taxes but well-connected celebrities are quick to use your tax dodges. >> owning acres of land in new jersey but pays only $100 of state property tax because he raises honeybees' he qualifies for the honeybee subsidy. bruce springsteen owns hundreds of acres of land but pays little tax because a an organic farmer works his land his pour neighbors pay more. >> i don't get anybody trying to lower taxes but bonn jovi and springsteen publicly supporting for obama holding rallies but then cry tax cuts for their riches and they robbed of poverty programs and a social contract with america being destroyed the middle-class is harmed but then you rob those anti-poverty programs by calling yourself a former? that is the hypocrisy that is frustrating to see why i wrote the book calling of these people on their duplicity. john: one final example some of the activi
Dec 3, 2013 10:00am EST
, by refusing to fine violators? what if they president wanted tax cuts that a president would not enact? to the instrument the irs to decline to enforce the income tax laws? president george w. w. bush proposed unsuccessfully a reduction in the capital gains rate. should he have instead simply instructed the irs not to tax capital gains at a rate greater than 10%? the point is not what you think of any president obama's individual policy decisions. the point is the president may not consistent with the command that he faithfully execute the laws unilaterally amend, way versus and the law. we must resist the president deliver a pattern of circumventing the branch in favor of administrative decision-making. we cannot allow the separation of powers enshrined in our constitution to be abandoned in favor of an undue concentration of power in the executive branch. as james madison warned centuries ago in federalist number 47, the accumulation of all powers, legislative, executive and judiciary in the same hands may justly be pronounced the very definition of tyranny. it is now my pleasure to
Dec 3, 2013 5:30am PST
and a couple years later proposing a sales tax dedicated to city improvement. this is the projected plan for the next 15 years. what's happening next year? >> that's going to depend on the board of supervisors to develop the time to do so. >> your recommendation for new revenue is so far in the future. my question is at least, last year, 5 years ago when we were going through planning did you identify revenue sources that are being utilized today. i'm looking for something more in the short-term. >> as part of the transportation task force work we did look at the existing funds that are available towards transportation and to improve the infrastructure. there are federal grants. some state grants. there is money that comes from the metropolitan transportation commission and there is a general fund subsidy to about $4 hundred million and there is a capital plan within the city that prior advertises some -- prior advertises some of the fund money. >> i heard from you and others and adam about potential future funding sources, but i think what i'm looking to hear and probably many members
Dec 3, 2013 6:00am PST
in the last congress when later closing was speaker of the house. she had had 16 tax cuts signed into law to help small businesses grow and thrive. as we know, during the last 15 years, small businesses account for about 2/3 of the job growth in our country, but when the bush recession hits in 2009, 2010, small businesses were hit particularly hard. small businesses are the center of her agenda. congress under her leadership gave 27 million small businesses tax cuts. two main pieces of legislation -- the small businesses jobs act in the information you have, will create a total of 500,000 jobs and create eight tax cuts. they are all described in the packet you have. also, unleashing up to $300 billion in credit for small businesses to access. there are another eight tax cuts that were passed through a number of different laws. some of our panelists will address those. even though now we are in an environment where there is a republican majority in the house and a slimmer majority in the senate, please note that the leader and democrats are going fight hard to keep their agenda and restart
Dec 4, 2013 8:00pm EST
an employer mandate penalty or a tax. a critical issue is the definition of employee but equally important is the issue of which and how many employees are it should be to to the business. the answer may be simple for one business with a single owner however when an individual shares ownership of multiple entities or when a business has multiple owners the answer is less clear. today we will examine the process of determining whether businesses are considered single or multiple entities under the health care law, which requires business owners to aggregate employees and could subject the business to the obamacare employer mandate. according to the national federation of independent business, 39% of small businesses with 20 or more employees on at least 10% of one or more other businesses. to determine if the threshold of 50 or more employees has been met with the situations the health care law utilizes the internal revenue service code, controlled group business aggregation rules which are complex and confusing even for most experts. some experts have suggested that most small business own
Dec 7, 2013 4:00am EST
provide health insurance or pay taxes. this and other subsequently announced the delays do not enforce at all. on the contrary they are merely phasing in the adjustments designed to ensure effective implementation of the statute in accordance with congress purposes. the treasury department announcement makes that clear in the proposed regulations that it has followed through on on september 5 to make that clear as does the treasury statement that it intends to continue fine-tuning those regulations and working with the people affected by them until you become finally effective. and i should emphasize just after the administration took this action, president george w. bush secretary concord the obama administration to delay the mandate was wise. that was based on his experience in phasing in the medicare part d. prescription drug benefit. i have to say hyperventilating about an extraordinary and unprecedented constitutional these delays are is just that. it's contrary to the obvious historical fact. nor is the delay of the employer mandate on the front of the constitution. the framers c
Dec 3, 2013 4:00am PST
for the inspection you can take as a tax deduction. any money that if you have taken can be applied as a tax deduction. this can be done on an annual basis. next, the opportunity, and a fund -- opportunity loan fund, providing for small businesses to pay for the inspection or to make improvements needed. to do it before you receive the lawsuit. and lastly, we of the bar association and their resources. they're providing their legal service for you. this last thing i am going to share with you in terms of what we have seen in our office is that with the individuals, that does not necessarily mean an individual will follow up with a lawsuit. what we've seen in our office is the individual's will send you a letter and say there were compile -- compliance issues. where people get in trouble is they ignore the letter. we need to make sure it that your pro-active and responsive. when a business receives a letter, they need to contact our office. the merchants of been very proactive -- have been very pro- active. the businesses that have received a letter and passed an inspection after receiving th
FOX News
Dec 6, 2013 1:00pm PST
. we're paying higher taxes as a result and we have seen nothing in response. you're telling young people, they can still on their parents' plan, guaranteeing no limits for preexisting conditions. that costs money. and this administration -- >> it wasn't told that. yes, you had all the goodies and told it would not affect you paying more when we knew then and you and i talked about it then, you don't get something for nothing. now the reality is -- >> hell hath no furry like a voter scorned. the administration overpromised, underdelivered, people are realizing they can't afford it, even if they can get on to the system, which still 10% can't, and i'm waiting for the republicansed to create an ad that saturday 90% of you are going to be okay. but for the other 10%, it's like an airline ad. 90% of our flights land safely. 90% of the people can get their healthcare but the other 10% cannot. it's a mess. and until the public is told, we made a mistake, we're sorry, we're going to go back and do it right, then the anger that mary lan landrieu is in trouble, she is a fine senator, the in
FOX Business
Dec 6, 2013 9:00pm EST
. >> in the '80s and '0s we did not have just a tax increase of cuts but that have been dip this year that could have called is like having 400,000 jobs crted because we're not in stimulus motive to do more. it wasood news. >> so if we have a government is shut down assembly will have a quarter reported taken off for gdp what a powerful economic engine and then we have third quarter gdp growth of 3.6% iested a couple years it a good jobs ever. i thought the sequester were to be devastating? >>. >> the more it cuts spending the better for the private sector when dispense the dollar i don't understand the logic. >> we pay people borrow money not to work and people are working. that does not make sen. >> to give emergency benefits where does the money come from? >> if we give you a tax cut they will put it in their pocket. >> we have to make sure that people need the jobs and food get it. >> with 47 million people? people largely a pretty good job. >> of course, the we should not said that giving a lot more welfare benefits was better for the economy that it be better with 30 billion forth three or
Dec 3, 2013 7:00am PST
involving an internet sales tax. amazon an were appealing the online levy imposed in new york state. but it's a battle imposed with results. what does this mean for online shoppers? >> all i can think about with this story is taxes. this is what it tells us we know now that the price that online retailers get is probably going to go away because that differential is really about tax. they will now be on par with the brick and mortar retailers and they won't have that edge they've had. we'll probably see less showrooming where people go to a store, they look around and pull out their mobile phone and buy the item online. we're going to see a lot more bureaucracy, states find municipalities making it so hard, so complicated, they're going to be dealing with a very tangled tax web. >> the potential tax revenue, though, for manile of these states that they would lose is huge. >> that's why these states are saying i want amazon to collect taxes coming into products coming into our state. we need the revenue. >> especially after the financial crisis. >>
Dec 3, 2013 3:00am PST
. >> it truly is. >> which is why taxes become an issue. we'll talk about that later in the show. indra petersons loves taxes. >> shopping to taxes, you just took me from here to there. >> she used to work with the irs before getting into weather. >> i'm not listening. just painful right now. let's talk about what's going on in the southeast. still talking about a wave of energy, cloudy, light showers. not a big deal into the southeast. temperatures look at this, they're amazing. we're still talking about temperatures into the 70s through atlanta, especially by tomorrow in through boston, temperatures right where they should, maybe a hint above normal. all of this is going to be changing thanks to a system out west. talk about snow. yes, we're talking about anywhere from wisconsin back through colorado. look at all these winter weather advisories. we know there is a change in store for us out on the east. of course as the system finally makes its way east. for today, 1 to 2 feet of snow, extending farther in through colorado and minnesota. we'll be looking at that as well. you can see t
Dec 3, 2013 6:00am PST
that want them to collect sales taxes from you. and that means you're probably going to pay more. i'm talking about being taxed on your internet purchases. i'll put it more simply for you. cnn's business correspondent christine romans is in new york to tell us why that's more likely. >> internet shales taxes, carol. supreme court decided it would not hear a case. it was probably the last cyber monday without sales tax for millions. states want tax revenue. online retailers want tax-free shopping. brick and mortar shops want online retailers to have the same taxes. uncollected sales tax, so the states want to find ways to get that tax revenue from web retailers. the sproem court decided not to get involved in appeals from amazon and the court let stand a ruling from a new york court requiring that internet retailers collect sale taxes even if they have no physical present in the state. this effectively ends, carol, ends tax-free shopping online for people and gets other states thinking about how they can bring in more taxes, too, carol. >> christine, thanks. >>> seattl
Dec 7, 2013 9:00am PST
, not just a job. >> reporter: and allem, there are no new tax hikes or spending cuts on the horizon as a part of these budget battles. no major ones at least. so economists say that will also bodes well for the recovery. alex. >> kristin it, quick question about the president's schedule next hour. what is this, a saban forum he's going to be attending that and speaking? >> that's right. that is sponsored by the brookings institution. he's going to be speakinging there a forum on middle east policy. white house officials say it's up to the moderators to set the tone. i can tell you that the title of the forum this afternoon, alex, is power shifts, u.s.-israeli relations in dynamic middle east. the backdrop to this forum, the recent deal struck with iran to freeze iran's nuclear programs for six months in exchange for scaling back some of the sanctions, israel didn't like the deal. as you know, that created fresh tensions between the united states and israel. no guarantee that that will be discussed during the forum, but certainly one of the big issues in the backdrop. then of course,
Dec 6, 2013 10:00am EST
fleur, commissioner moeller and clark, welcome, happy holidays. i have one question on the tax credit and start with you in the sugar. as you know the next ten years some wind turbine orders will get tax credit hours for every hour they run. this tax credit was designed to kickstart renewables. and yes yet, it lives on the spe way and being a major part of the grid. at least 12% in my state of texas capacity. but some markets have seen prices as low as negative $41 per megawatt hour as operators get the credit and run whether that power is needed or not. granted that is an extreme example, but they can settle a lawsuit taxpayers make them whole. that moves markets back home on the new power construction in texas that public utility commission chairwoman nelson has said and this is a quote for the market distortion is caused by the renewable energy incentives one of the primary causes this distortion makes it difficult for other generation types to cover the cost and discourages investment in the new generati generation. and while the ptc isn't the only driver of the market distortion, it is a s
Dec 2, 2013 7:00pm EST
a capitalist. and capitalism has been the winning formula -- >> tax free, save it up all those years, the inside build-up. this is what harold ford wanted when he was running for the senate and he was a democrat in the house. he was a smart moderate democrat. that's exactly what he wanted. >> because what you have is basically these terrible conflicts that you get when people basically make poor health care choices and want somebody else to bail them out. and when they own the plan, they begin to make healthy health care choices. you have to get rid of the moral hazards that we have all over the government, both in the way insurance is written today and the way it should be written. so that people have individual skin in the game and they can take these accounts and go anywhere with them. >> anywhere they want. >> isn't that more moral? half the people who are going to qualify are going into mistake. a terrible system. fairer system, everyone getting an h.s.a. better access than medicaid -- >> the mandate is you have to have an hsa. i'm okay with that. but nop mandates for the plan.
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